Paul Mavis of DVD Talk said in a review of 10 Happiest Moments that "Nothing is new here[...]all of the shorts, including the bonus pilot, have been released on previous sets, so double-dipping isn't required.[...]Still, this is a sure-fire collection of some hilarious SpongeBob moments, so if you don't want to wait for a SpongeBob marathon, you could do worse than to pop in this 2-hour disc."
Currently retired critic Paul Pritchard of the DVD Verdict, highly recommended the DVD "For the more casual SpongeBob fan."
The DVD was re-released on September 14, 2010. The only change made was the Nickelodeon logo. Before it was a splat, but now it shows the 2009-present logo with the company's name written in orange letters.